Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Elwar]

btw....we're up 1.5% for the day!

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[Torque]

I find Mike Novogratz to be a fairly reliable contrarian indicator.

Every time he comes trotting out on MSM and says "I can see Bitcoin at [XXX] by the end of the year!" then you know the top is in soon.  

Happened in Nov/Dec 2013 as well.

I will merit someone for anyone for .01 BTC per Merit.

Get in while the price is low. ICO. Cheap Merits.

Let's start a WO sMerit ICO. We can trade it on Bithumb. I'm sure the SEC would love that.

[Imbatman]

Are Insiders Secretly Loading Up on Bitcoin?

Great article/video, thank you for sharing.  This helped me a LOT in fashioning my future buy/sell strategies (mostly buy)

[Imbatman]

Are Insiders Secretly Loading Up on Bitcoin?

Correct me if I'm wrong, but the problem is that historically a Bitcoin downturn has never failed to fall below the 200 MA eventually at some point and stay there for a while.  

Wasn't it breached late last night?  200 MA appeared to be around $6,050 and we dropped to around $5,600

Not for a terribly long time, but it was breached

[Biodom]

I find Mike Novogratz to be a fairly reliable contrarian indicator.

Yeah, but only when he talks. He didn't talk when he first bought eth at $2.
Maybe it is because traders like to throw other traders off (to do the opposite of what they intend to do)?

[Tzupy]

I am unsure about my cash flow rate in sMerit, so for now I am behaving like a cheapskate and only sending in 1 at a time, my apologies to all who deserved more.
Once I'll understand how the cash flow in sMerit behaves, I promise to send more to those who deserve it.

[Biodom]

Are Insiders Secretly Loading Up on Bitcoin?

Correct me if I'm wrong, but the problem is that historically a Bitcoin downturn has never failed to fall below the 200 MA eventually at some point and stay there for a while.  

Wasn't it breached late last night?  200 MA appeared to be around $6,050 and we dropped to around $5,600

Not for a terribly long time, but it was breached

What are your numbers based on? Polo shows 6012 low on 24hr chart.
Besides, moving below for a short time on itself does not indicate bear.
See in that guy video of S&P500 and Brexit. It even closed below 200 SMA, then popped right back.
It only clear way afterwards, so both scenarios (a bull and a bear) are still possible.
For bull to have a chance, we would have to move above 100 EMA and fast.

[SecondLeoTheSecond]

1. Goto here: https://www.c-span.org/video/?c4713250/cryptocurrency

2. Move the slider to 01:20:30

Listen to what the chairman of the CFTC says about Bitcoin/blockchain tech.

Amazing !

Sounds like the keynisian-utopia/dystopia

[Imbatman]

Are Insiders Secretly Loading Up on Bitcoin?

Correct me if I'm wrong, but the problem is that historically a Bitcoin downturn has never failed to fall below the 200 MA eventually at some point and stay there for a while.  

Wasn't it breached late last night?  200 MA appeared to be around $6,050 and we dropped to around $5,600

Not for a terribly long time, but it was breached

what are your numbers based on? Polo shows 6012 low on 24hr chart.

Sorry, my bad -- I thought it dropped to $5,600 last night on GDAX (the exchange I use primarily) but it looks like it only got as low as $5,913 --------- still a decent amount under $6,050

If Polo got as far as $6,012 I think this all tells the same story -- $6,000 or thereabouts should be considered the resistance point, and hopefully we don't test it again.......

[mike4001]

So ...

I think I will wait until 9k/10k to buy more BTC.

I am just not sure if we bounced up for good or if this just a small pump before going all the way down to "I don't know" ...

But if BTC hits 9k/10k again I feel it really will move up again. (And yes I will bite myself for not buying at 6,5k )

[kurious]

Are Insiders Secretly Loading Up on Bitcoin?

Correct me if I'm wrong, but the problem is that historically a Bitcoin downturn has never failed to fall below the 200 MA eventually at some point and stay there for a while.  

Wasn't it breached late last night?  200 MA appeared to be around $6,050 and we dropped to around $5,600

Not for a terribly long time, but it was breached

what are your numbers based on? Polo shows 6012 low on 24hr chart.

Sorry, my bad -- I thought it dropped to $5,600 last night on GDAX (the exchange I use primarily) but it looks like it only got as low as $5,913 --------- still a decent amount under $6,050

If Polo got as far as $6,012 I think this all tells the same story -- $6,000 or thereabouts should be considered the resistance point, and hopefully we don't test it again.......

Polo doesn't trade USD /BTC, better reference an exchange that does, maybe? Polo is usually a little higher than (say) Bitstamp - which I personally prefer, and Finex arbs with Stamp, too, usually linking prices between them (roughly)

[600watt]

I will merit someone for anyone for .01 BTC per Merit.

Get in while the price is low. ICO. Cheap Merits.

this is a more sound ICO idea than most of what I have seen so far. what is the most absurd ICO you have seen?

i have seen one that sells you tokens and in a few years you are allowed to purchase artificial ivory for your token. imagine what you could do with artificial ivory in 2022! too bad I missed that ICO.  

[Torque]

As crazy bad as this selloff/correction appears, we are still up 7X from Jan 2017.

Which still crushes a lot of equities' performance in 2017 by a country mile.

this is a more sound ICO idea than most of what I have seen so far. what is the most absurd ICO you have seen?

https://deeznuts.in/

[jojo69]

So ...

I think I will wait until 9k/10k to buy more BTC.

I am just not sure if we bounced up for good or if this just a small pump before going all the way down to "I don't know" ...

But if BTC hits 9k/10k again I feel it really will move up again. (And yes I will bite myself for not buying at 6,5k )

god Mike

just listen to yourself for a minute...that is sheep talk man

[mike4001]

So ...

I think I will wait until 9k/10k to buy more BTC.

I am just not sure if we bounced up for good or if this just a small pump before going all the way down to "I don't know" ...

But if BTC hits 9k/10k again I feel it really will move up again. (And yes I will bite myself for not buying at 6,5k )

god Mike

just listen to yourself for a minute...that is sheep talk man

lol

So much for my peace of mind.

[cAPSLOCK]

Anyone hear from Rosewood Rosewater ? I'm concerned the dude is passed out in a ditch somewhere, completely obliterated on scotch.

He'd say something about not being able to afford scotch anymore and only having enough for Ripple...

...oh, wait.

[xhomerx10]

So ...

I think I will wait until 9k/10k to buy more BTC.

I am just not sure if we bounced up for good or if this just a small pump before going all the way down to "I don't know" ...

But if BTC hits 9k/10k again I feel it really will move up again. (And yes I will bite myself for not buying at 6,5k )

god Mike

just listen to yourself for a minute...that is sheep talk man

lol

So much for my peace of mind.

 Yes and piece of mind as well.
I don't get the "bite myself" part... MacAfee?

[600watt]

As crazy bad as this selloff/correction appears, we are still up 7X from Jan 2017.

Which still crushes a lot of equities' performance in 2017 by a country mile.

this is a more sound ICO idea than most of what I have seen so far. what is the most absurd ICO you have seen?

https://deeznuts.in/

that must be a joke...  
well, aren't they all...

[Alexander_Z]

Sorry for OT, but how can I vote the Poll at the top of the page? Thank You

AFAIK Newbies cannot vote, one has to be at least Jr. Member for this.

Right, you'll have to share your prediction openly so everyone can laugh at you.   

Well, after the last couple of days I would not try to vote even if I could. I am mentally prepared for another downfall, but at the same time I hope that it is not another bull trap. Then I'm going to laugh no matter how wrong my prediction is 

[LFC_Bitcoin]

So ...

I think I will wait until 9k/10k to buy more BTC.

I am just not sure if we bounced up for good or if this just a small pump before going all the way down to "I don't know" ...

But if BTC hits 9k/10k again I feel it really will move up again. (And yes I will bite myself for not buying at 6,5k )

Do you think bitcoin will be worth upwards of $20,000 at some point in the next few years regardless of what the price is now & how much it’s fallen?

If the answer to the bolded is yes then what the fuck are you waiting for now, cheap couns. Load up whilst you can at these prices.